SCA Interim Report 1 January 30 June 2010 Interim Report Q2 2010 - - PowerPoint PPT Presentation

▶
sca interim report
SMART_READER_LITE
LIVE PREVIEW

SCA Interim Report 1 January 30 June 2010 Interim Report Q2 2010 - - PowerPoint PPT Presentation

Nov 19, 2023 383 likes •537 views

SCA Interim Report 1 January 30 June 2010 Interim Report Q2 2010 Q2 2010 vs Q2 2009 SCA market update Significantly increased raw material prices OCC +330% Recovered paper US +70% Recovered paper Europe +120% Pulp

slide-1
SLIDE 1

Interim Report Q2 2010

SCA Interim Report

1 January – 30 June 2010

slide-2
SLIDE 2

Interim Report Q2 2010 2

Q2 2010 vs Q2 2009

SCA market update Significantly increased raw material prices

  • OCC +330%
  • Recovered paper US +70%
  • Recovered paper Europe +120%
  • Pulp +60%

Hygiene business

  • Good growth for Incontinence care, AFH tissue and Feminine care
  • Continued good growth in emerging markets

Packaging and Forest Products

  • Increased demand for Packaging
  • Corrugated volumes increased 9%
  • Increased demand for Publication papers
  • Publication paper volumes increased 2%
slide-3
SLIDE 3

3

Q2 2010 results

* Excluding restructuring costs ** Adjusted for exchange rate movements

SEK millions Q2 Q2

Change, Change,

Q1

unless otherwise stated

2010 2009

Q2/Q2,% Q2/Q2,%** 2010

Net sales 27,652 27,915

  • 1

6 26,722 EBIT* 2,440 2,368 3 6 2,027 EBIT margin* (%) 8.8 8.5 7.6 Profit before tax* 2,196 2,014 9 12 1,748 Earnings per share (SEK) 2.04 1.66 23 1.53 Cash flow from current operations 1,668 3,047 1,148 Debt/Equity ratio 0.62 0.71 0.57

Interim Report Q2 2010

slide-4
SLIDE 4

4

H1 2010 results

* Excluding restructuring costs ** Adjusted for exchange rate movements

SEK millions H1 H1

Change, Change,

unless otherwise stated

2010 2009

% %**

Net sales 54,374 56,242

  • 3

4 EBIT* 4,467 4,504

  • 1

3 EBIT margin* (%) 8.2 8.0 Profit before tax* 3,944 3,525 12 16 Earnings per share (SEK) 3.57 3.24 10 Cash flow from current operations 2,816 4,687 Debt/Equity ratio 0.62 0.71

Interim Report Q2 2010

slide-5
SLIDE 5

Interim Report Q2 2010 5

Q2 2010 vs. Q1 2010

Summary Group

Sales increased 3% EBIT increased 20% Profit before tax increased 26%

Business areas

Higher EBIT in all business areas despite higher raw material costs Personal Care, EBIT increased 2%

  • Higher volumes

Tissue, EBIT increased 11%

  • Higher volumes and lower distribution costs

Packaging, EBIT increased 59%

  • Higher prices and volumes

Forest Products, EBIT increased 42%

  • Higher prices and lower energy costs
slide-6
SLIDE 6

Interim Report Q2 2010 6

Net debt

And debt payment capacity

% SEKm 28% 31% 35% 33% 25%

slide-7
SLIDE 7

Debt maturity profile

Total debt: SEK 42,492m

6,975 4,208 11,183 9 8,537 8,546 3,252 4,256 6,001 9,254

Cash and cash equivalents SEK 3,999m Unutilized credit lines SEK 29,503m

+

7 Interim Report Q2 2010

slide-8
SLIDE 8

Interim Report Q2 2010 8

Personal Care

Q2 2010 vs Q2 2009

  • 3%

EBIT margin 12.3% 11.7%**

  • 8%**

SALES SEKm EBIT SEKm

6,650 6,418 820 753** Q2 2010 Q2 2009 Q2 2010 Q2 2009 * Excluding exchange rate effects ** Excluding restructuring costs *** Excluding restructuring costs and exchange rate effects

Sales decreased 3% (+2%*)

Incontinence care increased 5%* Feminine care increased 7%* Baby diapers decreased 8%*

EBIT decreased by 8%** (4%***)

Higher volumes Higher raw material cost Increased market activities

slide-9
SLIDE 9

Interim Report Q2 2010 9

Tissue

Q2 2010 vs Q2 2009

  • 4%

EBIT margin 9.7% 7.9%

  • 22%

10,474 10,064 1,015 791

EBIT SEKm

Q2 2010 Q2 2009 Q2 2010 Q2 2009 * Excluding exchange rate effects

Sales decreased 4% (+2%*)

Consumer tissue decreased 1%* AFH tissue increased 8%*

EBIT decreased by 22% (19%*)

Higher raw material costs Slightly lower prices Lower distribution costs Synergies from acquisition

slide-10
SLIDE 10

Interim Report Q2 2010 10

Packaging

Q2 2010 vs Q2 2009

9%

EBIT margin 0.2**% 4.0%

6,958 7,583 11** 306

SALES SEKm EBIT SEKm

* Adjusted for the divestment of the Asian packaging business and excluding exchange rate effects ** Excluding restructuring costs Q2 2010 Q2 2009 Q2 2010 Q2 2009

Sales increased by 9% (24%*)

Higher prices and volumes

EBIT increased to SEK 306m (11**)

Higher prices and volumes Savings from restructuring program Increased raw material costs Negative currency impact

slide-11
SLIDE 11

Interim Report Q2 2010 11

Forest Products

Q2 2010 vs Q2 2009

0%

EBIT margin 14.9% 16.0%

8%

4,304 4,308 642 691

SALES SEKm EBIT SEKm

Q2 2010 Q2 2009 Q2 2010 Q2 2009 * Excluding exchange rate effects

Sales flat (+2%*)

Publication papers

  • Higher volumes
  • Lower prices

Pulp and Solid-wood products

  • Higher prices

EBIT increased by 8% (8%*)

Publication papers, decreased EBIT

  • Lower prices
  • Increased raw material costs

Pulp and Solid-wood products, increased EBIT

  • Higher prices
slide-12
SLIDE 12

Interim Report Q2 2010 12

Outlook 2010

Group

Improved general market conditions Effects from price increases gradually during the second half 2010

Hygiene businesses

Good demand Increasing prices for Tissue

Packaging

Demand improvement Increasing prices

Forest Products

Recovery from low level for publication papers Price increases on magazine paper

slide-13
SLIDE 13

Interim Report Q2 2010 13

Q & A

slide-14
SLIDE 14

Interim Report Q2 2010 14